The “Big Three” no longer have the automobile market to themselves, but almost every market, including the one for cars, is ruled by three dominant firms. That reality does not prevent other firms from being successful. However, all firms, regardless of their market share, must still understand The Rule of Three and how it will affect their strategy and attempt to operate efficiently.
Content: Article | Authors: Jagdish Sheth, Rajendra Sisodia | Source: Ivey Business Journal | Subjects: Economics, Strategy
It’s not just weak organisations that spiral into decline and fail. Managerial arrogance and inflexibility can bring even great companies to their knees.
Content: Article | Authors: Jagdish Sheth, Rajendra Sisodia | Source: European Business Forum (EBF) | Subjects: Strategy, Trends / Analysis
Jagdish Sheth and Rajendra Sisodia say their research demonstrates that in mature, competitive markets there is only space for three large volume-driven companies alongside several niche specialists.
– Efficient markets eventually get organised into two kinds of competitors: full-line generalists and product/market specialists.
– Generalists are large scale companies, which compete across a range of products and markets, and are volume-driven. Specialists operate … [ Read more ]
Content: Article | Authors: Jagdish Sheth, Rajendra Sisodia | Source: European Business Forum (EBF) | Subjects: Economics, General